A.I.S. Resources Limited

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A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of professionals with a long track record of success in manganese and lithium resource exploration and production, and the capital markets. Through our extensive geological and business n...

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A.I.S. Resources Limited

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A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of prof......

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Media Relations posted an update in A.I.S. RESOURCES LIMITED

14 days ago

A.I.S. Resources (TSXV:AIS,OTCQB:AISSF) Chairman Martyn Element discusses the company's recent success in completing their manganese trade with Peru, and how this establishes them in a good position for their continued focus on trading manganese ores. They have 1,000 tonnes of 42% manganese fines ready for sale in Peru, and have negotiated a price for 30,000 tonnes of manganese from Brazil.

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8020 Admin

1 month ago

8020 Admin posted a press release A.I.S. Resources Completes Peru Manganese Trade, Zambian Ores Assay 53% Mn in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Jan. 29, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it has received payment for the first 292 DMT (“dry metric tonnes”) of Manganese fines sold in November 2019.  There was no discrepancy between the China Import Quarantine (“CIQ”) and Veritas Peru certificate of chemical analysis.  The buyer paid the benchmark price of US$3.70 per DMTU and the final grade was 42.75% Mn.


AIS has sourced very high quality manganese from its Zambian supplier which will be sold on a CIF basis from Dar Es Salaam Port in Tanzania.  The ore was independently assayed by our Chinese buyer with an assay of 53.66% Mn with low iron, silica and aluminum.  We will move to contracts after the Chinese new year. 


We have 1,000 tonnes of 42% manganese fines ready for sale in Peru and we have negotiated an acceptable price for 30,000 tonnes of 42% Mn from Brazil.  We have sent term sheets to a number of buyers we have been communicating with.


About AIS Resources


A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration and production, manganese trading, gold exploration and production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth and near term income with the objective of providing significant returns for shareholders. The Company's current activities are focused on trading of manganese ores from Peru, Zambia and Brazil and exploration and development of gold projects in Peru and  North America.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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8020 Admin

1 month ago

8020 Admin posted a press release A.I.S. Resources Extends Warrants in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 12,622,222 warrants expiring on February 26, 2020. The share purchase warrants were issued pursuant to a private placement of 12,622,222 shares accepted for filing by the TSXV on March 1, 2019.


The warrants will be extended for a period of two years until February 26, 2022. The exercise price remains unchanged at $0.12.


About AIS Resources


A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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8020 Admin

3 months ago

8020 Admin posted a press release A.I.S. Resources Signs LOI to Exploit Manganese Deposit in Panama in A.I.S. RESOURCES LIMITED

VANCOUVER, British Columbia, Dec. 17, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has entered into an access agreement with the land owner to conduct exploration on an existing manganese mine and major deposit northwest of Panama City near Palenque, Panama.


 Highlights of the A.I.S. Resources Transaction



  • The project was visited on October 17, 2019 and samples were taken from an outcrop adjacent to a 60 metre deep mine shaft where manganese was extracted in the 1990’s. Also observed were several shallow shafts and remnants of a railway line that had been installed to move the manganese off the hill to the road.


  • A number of samples weighing approximately 900 gms were assayed by AlsGlobal in Adelaide, Australia. The results were very encouraging with Mn values of 58.03%, more than 14% above the 44% benchmark.
     

  • The agreement provides for exclusive exploration rights on a 74-hectare concession while AIS performs due diligence. AIS will engage a local geologist to complete mapping, logistics planning, technical/safety/OHS of mine shaft, Mn chemical analysis, trenching and geophysics to determine the feasibility of recommencing mining operations. If the results are positive the Company will proceed with a mine engineering plan to commence production at the estimated rate of 10,000 tonnes a month or 350 tonnes per day.


“We are pleased to have found this significant deposit with such high purity of manganese,” stated A.I.S. Resources President and CEO, Phillip Thomas.


Guayatayoc Salar – Argentina
AIS received an extension on the Guayatayoc option to December 15, 2019 at no extra cost. The Company has decided to relinquish the option as the Secretary of Mines has made no progress toward arranging a UGAMP meeting nor setting time limits on the discussion period for exploration programs. AIS will monitor conditions in Argentina with a view toward re-engaging operations when circumstances improve.


About AIS Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Photos accompanying this announcement are available at:


https://www.globenewswire.com/NewsRoom/AttachmentNg/3eb380f9-65c2-468f-8f45-28acf0f76112


https://www.globenewswire.com/NewsRoom/AttachmentNg/e0752bf9-02ef-4e48-859a-a55b0c1a98c4


https://www.globenewswire.com/NewsRoom/AttachmentNg/e324127d-6af9-429b-a698-3a2ce918ccbc


https://www.globenewswire.com/NewsRoom/AttachmentNg/ce17f1f7-65e9-4167-8f69-e016d9b9421a


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Panama Map



Mine near Palenque Panama



Certificate of Analysis



Samples assayed by ALSGlobal



Fig 1 and Fig 2



Fig 1 – Samples analysedFig 2 – Manganese mine shaft



Fig 3 and Fig 4



Fig 3 – Examining Mn scree in creekFig 4 – Flywheel of the old cable railway



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8020 Admin

4 months ago

8020 Admin posted a press release A.I.S. Resources Arranges a Monthly Manganese Supply of 1,500 Tonnes and Sells Initial Shipment of 454 Wet Metric Tonnes Manganese in A.I.S. RESOURCES LIMITED

VANCOUVER, British Columbia, Oct. 31, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has arranged 1,500 tonnes a month of manganese supply.


 Highlights of the AIS Resources Manganese Production from Peru:



  • AIS has contracted 1,500 tonnes per month of supply from the following sources
    °  Arce Manganese group has 1,000 tonnes available for supply and can provide 1,000 tonnes per month of 43% Mn.
    °  San Jorge mine has 525 tonnes ready to ship to the specification contracted. A sample of the 525 tonnes mined showed 54% MnO. This supply has been paid for.

  • AIS has paid a deposit to Sudamerica for 500 tonnes of 44% lump manganese (“Mn”).


Figure 1 Assay Results – San Jorge Mine Peru: https://www.globenewswire.com/NewsRoom/AttachmentNg/722be180-55cf-4e11-bcbd-b49fc10efe41



  • We are obtaining quotes to ship from Salaverry Peru, reducing our trucking costs and shipping by loading bags directly into the hold of handymax ships.

  • The current market price for low iron content Manganese is $4.35 per point or at 44% MN benchmark $191.40 per Wet Metric Tonne. Our suppliers have lowered their prices in line with the reduction in the market price to enable A.I.S to maintain profits.


Expanding Supply of Manganese



  • Our CEO visited Bolivia in the past week and has sampled the seller’s ore which assayed at 59.4% MnO or approximately 45.7% Mn. They have the capacity to produce 30,000 tonnes per month and the resource is estimated at 1,000,000 tonnes. The product will be shipped from Antafagasta in Chile. AIS is currently investigating trade finance for up to $5million per month.


Figure 2 Assay Results – Bolivia: https://www.globenewswire.com/NewsRoom/AttachmentNg/c259e8c0-1b10-4ec4-bcdd-14a9cf31974d



  • We are negotiating with a supplier from Namibia for 10,000 tonnes a month of 44% Mn, on a CFR basis Tianjin, China.


“After a lot of hard work I am delighted we made good progress to expand our production supply capacity. Our CIQ certificate will open the door to access many more buyers around the world and key Japanese traders.” AIS Resources President and CEO, Phillip Thomas stated, “The use of manganese in steel is expanding from the construction industry to the high wear mining equipment market. For example, Xtraalloy steel has 24% Manganese. We will be targeting these producers who require up to 50,000 tonnes a month”.


AIS Resources Sells 454 Tonnes Manganese to Chinabase
AIS has sold 454 tonnes of manganese to Chinabase, a large trading company in China. The 21 containers are currently being sampled by China Import and Quarantine (“CIQ”). Payment is expected when CIQ is completed.


About AIS Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas, President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Figure 2



Assay Results-Bolivia



Figure 1



 



Assay Results-San Jorge Mine Peru



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8020 Admin

4 months ago

8020 Admin posted a press release AIS Resources Options Gold Mine In Peru Producing 5kg Gold Per Week in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Oct. 24, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that it has reached agreement on an option to acquire an initial 51% interest in a gold mine in Northern Peru producing up to 5kg gold per week (165 troy ounces) with average revenues of US$75,000 per month. AIS will earn a 51% interest by contributing US$500,000 in equipment and technical expertise to increase the mine’s productivity.


The properties are located in the San lgnacio district, Cajamarca province. There are no indigenous communities nearby, and local labour has been used to mine the three horizontal shafts and trenches. The veins are vertically orientated.


Highlights:



  • AIS has been granted a 90 day due diligence period.

  • Two grab samples have recorded 27gm/tonne and 466gm/tonne of gold from concession Jaw4 which we will target for a new shaft. While these samples are encouraging, and gold production is in progress, we need to determine the extent and concentration of gold in veins and associated rock.

  • Our due diligence will focus on the extent of the veins, drilling the property to define the extent of the gold mineralization, geochemical soil sampling, mapping, and design of a process circuit.

  • Within six months of the conclusion of the 90 day due diligence period AIS will contribute US$500,000 in equipment and technical expertise.

  • AIS will upgrade the ball mill and acquire a Taylor shaker table and floatation system for capturing the gold.

  • The Peruvian Company has eight concessions over 5,888 ha, in northern Peru.

  • AIS intends to stake more ground in this area with a view to expanding production in future years.

  • Our CEO, Phil Thomas, has been active in a number of gold projects in Nazca to the south of Peru, Arizona, and Victoria Australia.


“This is an exciting development for the Company to supplement its manganese operations, and its lithium brine extraction technology," Phillip Thomas, CEO, stated. “While AIS’s focus is on expanding our lump manganese acquisitions at grades of 44% Mn and higher we have decided that this gold opportunity will benefit us greatly, by diversification, and short term cashflow.”


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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A.I.S. Resources Limited

publicPublic Group

A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of professionals with a long track record of success in manganese and lithium resource exploration and production, and the capital markets. Through our extensive geological and business n...

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A.I.S. Resources Limited

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A.I.S. Resources Limited is a TSX-V listed investment issuer managed by an experienced, highly qualified team of prof......

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Media Relations posted an update in A.I.S. RESOURCES LIMITED

14 days ago

A.I.S. Resources (TSXV:AIS,OTCQB:AISSF) Chairman Martyn Element discusses the company's recent success in completing their manganese trade with Peru, and how this establishes them in a good position for their continued focus on trading manganese ores. They have 1,000 tonnes of 42% manganese fines ready for sale in Peru, and have negotiated a price for 30,000 tonnes of manganese from Brazil.

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8020 Admin

1 month ago

8020 Admin posted a press release A.I.S. Resources Completes Peru Manganese Trade, Zambian Ores Assay 53% Mn in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Jan. 29, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it has received payment for the first 292 DMT (“dry metric tonnes”) of Manganese fines sold in November 2019.  There was no discrepancy between the China Import Quarantine (“CIQ”) and Veritas Peru certificate of chemical analysis.  The buyer paid the benchmark price of US$3.70 per DMTU and the final grade was 42.75% Mn.


AIS has sourced very high quality manganese from its Zambian supplier which will be sold on a CIF basis from Dar Es Salaam Port in Tanzania.  The ore was independently assayed by our Chinese buyer with an assay of 53.66% Mn with low iron, silica and aluminum.  We will move to contracts after the Chinese new year. 


We have 1,000 tonnes of 42% manganese fines ready for sale in Peru and we have negotiated an acceptable price for 30,000 tonnes of 42% Mn from Brazil.  We have sent term sheets to a number of buyers we have been communicating with.


About AIS Resources


A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration and production, manganese trading, gold exploration and production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth and near term income with the objective of providing significant returns for shareholders. The Company's current activities are focused on trading of manganese ores from Peru, Zambia and Brazil and exploration and development of gold projects in Peru and  North America.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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8020 Admin

1 month ago

8020 Admin posted a press release A.I.S. Resources Extends Warrants in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Jan. 21, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 12,622,222 warrants expiring on February 26, 2020. The share purchase warrants were issued pursuant to a private placement of 12,622,222 shares accepted for filing by the TSXV on March 1, 2019.


The warrants will be extended for a period of two years until February 26, 2022. The exercise price remains unchanged at $0.12.


About AIS Resources


A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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8020 Admin

3 months ago

8020 Admin posted a press release A.I.S. Resources Signs LOI to Exploit Manganese Deposit in Panama in A.I.S. RESOURCES LIMITED

VANCOUVER, British Columbia, Dec. 17, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has entered into an access agreement with the land owner to conduct exploration on an existing manganese mine and major deposit northwest of Panama City near Palenque, Panama.


 Highlights of the A.I.S. Resources Transaction



  • The project was visited on October 17, 2019 and samples were taken from an outcrop adjacent to a 60 metre deep mine shaft where manganese was extracted in the 1990’s. Also observed were several shallow shafts and remnants of a railway line that had been installed to move the manganese off the hill to the road.


  • A number of samples weighing approximately 900 gms were assayed by AlsGlobal in Adelaide, Australia. The results were very encouraging with Mn values of 58.03%, more than 14% above the 44% benchmark.
     

  • The agreement provides for exclusive exploration rights on a 74-hectare concession while AIS performs due diligence. AIS will engage a local geologist to complete mapping, logistics planning, technical/safety/OHS of mine shaft, Mn chemical analysis, trenching and geophysics to determine the feasibility of recommencing mining operations. If the results are positive the Company will proceed with a mine engineering plan to commence production at the estimated rate of 10,000 tonnes a month or 350 tonnes per day.


“We are pleased to have found this significant deposit with such high purity of manganese,” stated A.I.S. Resources President and CEO, Phillip Thomas.


Guayatayoc Salar – Argentina
AIS received an extension on the Guayatayoc option to December 15, 2019 at no extra cost. The Company has decided to relinquish the option as the Secretary of Mines has made no progress toward arranging a UGAMP meeting nor setting time limits on the discussion period for exploration programs. AIS will monitor conditions in Argentina with a view toward re-engaging operations when circumstances improve.


About AIS Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Photos accompanying this announcement are available at:


https://www.globenewswire.com/NewsRoom/AttachmentNg/3eb380f9-65c2-468f-8f45-28acf0f76112


https://www.globenewswire.com/NewsRoom/AttachmentNg/e0752bf9-02ef-4e48-859a-a55b0c1a98c4


https://www.globenewswire.com/NewsRoom/AttachmentNg/e324127d-6af9-429b-a698-3a2ce918ccbc


https://www.globenewswire.com/NewsRoom/AttachmentNg/ce17f1f7-65e9-4167-8f69-e016d9b9421a


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Panama Map



Mine near Palenque Panama



Certificate of Analysis



Samples assayed by ALSGlobal



Fig 1 and Fig 2



Fig 1 – Samples analysedFig 2 – Manganese mine shaft



Fig 3 and Fig 4



Fig 3 – Examining Mn scree in creekFig 4 – Flywheel of the old cable railway



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8020 Admin

4 months ago

8020 Admin posted a press release A.I.S. Resources Arranges a Monthly Manganese Supply of 1,500 Tonnes and Sells Initial Shipment of 454 Wet Metric Tonnes Manganese in A.I.S. RESOURCES LIMITED

VANCOUVER, British Columbia, Oct. 31, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has arranged 1,500 tonnes a month of manganese supply.


 Highlights of the AIS Resources Manganese Production from Peru:



  • AIS has contracted 1,500 tonnes per month of supply from the following sources
    °  Arce Manganese group has 1,000 tonnes available for supply and can provide 1,000 tonnes per month of 43% Mn.
    °  San Jorge mine has 525 tonnes ready to ship to the specification contracted. A sample of the 525 tonnes mined showed 54% MnO. This supply has been paid for.

  • AIS has paid a deposit to Sudamerica for 500 tonnes of 44% lump manganese (“Mn”).


Figure 1 Assay Results – San Jorge Mine Peru: https://www.globenewswire.com/NewsRoom/AttachmentNg/722be180-55cf-4e11-bcbd-b49fc10efe41



  • We are obtaining quotes to ship from Salaverry Peru, reducing our trucking costs and shipping by loading bags directly into the hold of handymax ships.

  • The current market price for low iron content Manganese is $4.35 per point or at 44% MN benchmark $191.40 per Wet Metric Tonne. Our suppliers have lowered their prices in line with the reduction in the market price to enable A.I.S to maintain profits.


Expanding Supply of Manganese



  • Our CEO visited Bolivia in the past week and has sampled the seller’s ore which assayed at 59.4% MnO or approximately 45.7% Mn. They have the capacity to produce 30,000 tonnes per month and the resource is estimated at 1,000,000 tonnes. The product will be shipped from Antafagasta in Chile. AIS is currently investigating trade finance for up to $5million per month.


Figure 2 Assay Results – Bolivia: https://www.globenewswire.com/NewsRoom/AttachmentNg/c259e8c0-1b10-4ec4-bcdd-14a9cf31974d



  • We are negotiating with a supplier from Namibia for 10,000 tonnes a month of 44% Mn, on a CFR basis Tianjin, China.


“After a lot of hard work I am delighted we made good progress to expand our production supply capacity. Our CIQ certificate will open the door to access many more buyers around the world and key Japanese traders.” AIS Resources President and CEO, Phillip Thomas stated, “The use of manganese in steel is expanding from the construction industry to the high wear mining equipment market. For example, Xtraalloy steel has 24% Manganese. We will be targeting these producers who require up to 50,000 tonnes a month”.


AIS Resources Sells 454 Tonnes Manganese to Chinabase
AIS has sold 454 tonnes of manganese to Chinabase, a large trading company in China. The 21 containers are currently being sampled by China Import and Quarantine (“CIQ”). Payment is expected when CIQ is completed.


About AIS Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused on the mining and trading of manganese ores in Peru, and exploration and development of lithium brine projects in northern Argentina.


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas, President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Figure 2



Assay Results-Bolivia



Figure 1



 



Assay Results-San Jorge Mine Peru



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8020 Admin

4 months ago

8020 Admin posted a press release AIS Resources Options Gold Mine In Peru Producing 5kg Gold Per Week in A.I.S. RESOURCES LIMITED


VANCOUVER, British Columbia, Oct. 24, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that it has reached agreement on an option to acquire an initial 51% interest in a gold mine in Northern Peru producing up to 5kg gold per week (165 troy ounces) with average revenues of US$75,000 per month. AIS will earn a 51% interest by contributing US$500,000 in equipment and technical expertise to increase the mine’s productivity.


The properties are located in the San lgnacio district, Cajamarca province. There are no indigenous communities nearby, and local labour has been used to mine the three horizontal shafts and trenches. The veins are vertically orientated.


Highlights:



  • AIS has been granted a 90 day due diligence period.

  • Two grab samples have recorded 27gm/tonne and 466gm/tonne of gold from concession Jaw4 which we will target for a new shaft. While these samples are encouraging, and gold production is in progress, we need to determine the extent and concentration of gold in veins and associated rock.

  • Our due diligence will focus on the extent of the veins, drilling the property to define the extent of the gold mineralization, geochemical soil sampling, mapping, and design of a process circuit.

  • Within six months of the conclusion of the 90 day due diligence period AIS will contribute US$500,000 in equipment and technical expertise.

  • AIS will upgrade the ball mill and acquire a Taylor shaker table and floatation system for capturing the gold.

  • The Peruvian Company has eight concessions over 5,888 ha, in northern Peru.

  • AIS intends to stake more ground in this area with a view to expanding production in future years.

  • Our CEO, Phil Thomas, has been active in a number of gold projects in Nazca to the south of Peru, Arizona, and Victoria Australia.


“This is an exciting development for the Company to supplement its manganese operations, and its lithium brine extraction technology," Phillip Thomas, CEO, stated. “While AIS’s focus is on expanding our lump manganese acquisitions at grades of 44% Mn and higher we have decided that this gold opportunity will benefit us greatly, by diversification, and short term cashflow.”


On Behalf of the Board of Directors, A.I.S. Resources Limited


Phillip Thomas


President and CEO


Contact


Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com


Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com


ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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